Digital currencies are one step closer to financial legitimacy. There’s now a process to gain master account access. Some crypto banks applied back in 2020 and are still waiting. Here’s the full story. Access to the Federal Reserve master account allows banks to exchange currency with one another. It’s a huge part of the banking system. And as we mentioned before, there hasn’t been much opportunity for crypto banks until now. This seems like a mundane detail, but the first crypto banks to establish access to the Federal Reserve are in a great position to lead the sector. It will definitely add legitimacy and increase accessibility. Both are bullish outcomes for this niche. |
The country is taking a very methodical approach to crypto regulation. There will be an undisclosed period of token mapping before any definitive regulation. Here are the details. They claim it’s a revolutionary approach. And on paper, it sounds pretty good. The government wants to figure out how crypto works before building a structure around it. But how long it will take is anyone’s guess. Here’s the most interesting part about the crypto industry right now … It has a massive global reach. And there are a lot of brand new opportunities to consider. But every country is free to regulate it independently. They’re constructing a crypto landscape right in front of us. And we’re excited to see how it turns out. |
